BY BIRHANU FIKADE | THE REPORTER The coming of Prime Minister Abiy Ahmed to power has been marred with critical political, economic and social pitfalls. His measures in relaxing the stifling leadership style of the ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) likewise stimulated many to come out and speak.
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BY MIRIAM TEKESTE | SHABAIT For citizens to have an improved living standard, first of all, there must be adequate supply of products. Adequate products are essential but not necessarily sufficient unless there is an even distribution of products in all parts of the country and fair prices are ensured. This is likely to stabilize […]
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BY REUTERS Sudan has signed deals for loans worth $300 million with regional Arab funds, authorities said on Saturday, as the government struggles to cope with an economic crisis and nearly three months of street protests.
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BY AFP Sudan slashed the official value of its currency against the US dollar by more than half on Sunday, the third devaluation this year in the face of a mounting economic crisis. The move came just weeks after President Omar Al-Bashir replaced the government over its failure to curb economic woes including soaring food […]
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BY REUTERS Sudan’s central bank will start printing 100 pound bank notes for the first time to ease a liquidity crisis exacerbated by rampant inflation, state news agency SUNA said on Sunday. Sudan’s economy has been struggling since the south of the sprawling northeast African country seceded in 2011, taking with it three-quarters of oil […]
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BY SUDAN TRIBUNE Sudan’s inflation rate has risen to 66.82% in August compared to 63.94% in July, reported the Central Bureau of Statistics (CBoS) in its monthly bulletin on Saturday.
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BY ECADFORUM The narratives of double-digit economic growth of Ethiopia for over a decade was wrong and obtained as a result of “cooked data”, according to a high profile economics professor at the Addis Ababa University.
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BY DAWIT ENDESHAW | THE REPORTER The Office of the Prime Minister issued a new circular imposing more restrictions on foreign travels by officials. In a circular signed by the outgoing minister of cabinet affairs, Alemayehu Tegenu, all government agencies are to restrict all unnecessary travels. The Office has attributed the latest instruction to the […]
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